[HISTORY: Adopted by the Township Committee
of the Township of Waterford as indicated in article histories. Amendments
noted where applicable.]
[Adopted 12-17-2003 by Ord. No. 2003-18]
The Township Committee of the Township of Waterford
does hereby declare and establish a Municipal Water/Sewer Utility.
This Utility shall hereafter be operated and maintained as a self-liquidating
utility for all purposes of the Local Bond Law and Local Budget Law
of the State of New Jersey. All real property, inventory, fixed assets,
accounts receivable, contracts or other personalty previously owned
by the Waterford Township Municipal Utilities Authority, which was
dissolved by ordinance of the Township Committee and approved by the
State of New Jersey Local Finance Board, shall hereafter be the property
of the said utility.
Said utility is hereby authorized to charge
such fees, rents, rates or other charges for or in connection with
the use or services of such Municipal Utility, which sums shall be
held, used and applied in accordance with the Local Bond Law and the
Local Budget Law of the State of New Jersey as well as other applicable
statues.
Management of the Utility hereinabove established
shall be vested in the Township Committee of the Township of Waterford
and shall be comprised effectively of those members of the Township
Committee (governing body). The Township Committee shall have the
power to establish reasonable rules and regulations governing the
utility and its operations.
A.
The existing debt service of the dissolved Waterford
Township Municipal Utilities Authority shall be assumed by this newly
created Water and Sewer Utility as permitted by N.J.S.A. 40A:5A-20.
B.
As referenced in the executive summary of the application
to the Local Finance Board, debt service coverage as required by the
existing bond resolution will be maintained, and the services provided
to the residents by the dissolved Authority will continue to be provided
by the newly created Water and Sewer Utility.
C.
A certified copy of this article will be on file with
the Township Clerk and shall be forwarded to the State of New Jersey
Department of Community Affairs, Division of Local Government Services.
[Adopted 7-14-2004 by Ord. No. 2004-12]
The Township of Waterford hereby adopts for
the Municipal Water/Sewer Utility the rules, regulations and rates
governing application for sanitary sewer and water service in the
Township of Waterford, as prepared by Owen, Little & Associates,
Inc., dated February 1998, and revised through June 26, 2003.[1]
[1]
Editor's Note: Current water and sewer rates, as amended from
time to time, are on file in the Township offices.
